Market Trends: Domestic Cotton Consumption Trends

The domestic spinning output decreased. According to the data of the National Bureau of statistics, in December 2021, China's yarn output was 2.75 million tons, a year-on-year decrease of 1.9%; From September to December 2021, China's yarn output is 1.029 million tons, a year-on-year decrease of 2%, and a decrease of 18.15% compared with the average of the same period in the past five years.

Domestic clothing consumption growth continued to decline. According to the data of the National Bureau of statistics, in December 2021, the domestic retail sales of clothing, shoes, hats, needles and textiles above the quota decreased by 2.3% year-on-year, which was the fifth consecutive month of negative growth since 2021. The year-on-year growth in 2021 was 12.7%, and the average growth rate in two years was 3.05%. In February 612, China's clothing export continued to maintain a positive growth.

According to the customs data, in December 2021, China's clothing exports amounted to US $15.927 billion, an increase of 14.5% over the same period last year. From September to December 2021, China's total clothing export volume reached US $64.501 billion, an increase of 18.16% over the average of the past five years.